Civeo Corp (NYSE: CVEO) CAO exercises phantom shares, disposes common

Rhea-AI Filing Summary

Civeo Corp Chief Accounting Officer Barclay Brewer reported several compensation-related transactions involving phantom and common shares. On March 2, 2026, 2,957 phantom shares vested and were exercised into 2,957 common shares at $0.0000 per share, followed by a disposition of 2,957 common shares to the issuer at $27.8200 per share, leaving 9,521 common shares directly owned. On March 3, 2026, 2,864 phantom shares vested and were exercised into 2,864 common shares at $0.0000 per share, with a matching 2,864 common shares disposed to the issuer at $27.0300 per share, with direct ownership again shown as 9,521 common shares after the transactions. The footnotes state each phantom share is economically equivalent to one Civeo common share and payable in cash, vesting at various times based on grant date.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Brewer Barclay

(Last) (First) (Middle)

333 CLAY STREET

SUITE 4400

(Street)

HOUSTON TX 77002

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Civeo Corp [ CVEO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares	03/02/2026		M		2,957	A	$0(1)	12,478	D
Common Shares	03/02/2026		D		2,957	D	$27.82	9,521	D
Common Shares	03/03/2026		M		2,864	A	$0(2)	12,385	D
Common Shares	03/03/2026		D		2,864	D	$27.03	9,521	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Shares	(1)	03/02/2026		M			2,957	(1)	(1)	Common Shares	2,957	$0	11,550	D
Phantom Shares	(2)	03/03/2026		M			2,864	(2)	(2)	Common Shares	2,864	$0	8,686	D

Explanation of Responses:

1. Each phantom share was the economic equivalent of one Civeo common share payable in cash. The phantom shares vest at various times based on grant date. 2,957 shares vested on March 2, 2026.

2. Each phantom share was the economic equivalent of one Civeo common share payable in cash. The phantom shares vest at various times based on grant date. 2,864 shares vested on March 3, 2026.

Remarks:

	/s/Barclay Brewer, by Bradley Dodson, as Attorney-in-Fact	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did Civeo Corp (CVEO) report for Barclay Brewer?

Barclay Brewer reported exercises of phantom shares into common shares on March 2 and 3, 2026, followed by equal dispositions of common shares back to the issuer, all at stated prices per share, with 9,521 common shares shown as directly owned after each date.

How many Civeo (CVEO) phantom shares vested for Barclay Brewer in March 2026?

A total of 5,821 phantom shares vested for Barclay Brewer in March 2026, with 2,957 phantom shares vesting on March 2, 2026, and 2,864 phantom shares vesting on March 3, 2026, each phantom share economically matching one Civeo common share payable in cash.

At what prices were Barclay Brewer’s Civeo (CVEO) common shares disposed to the issuer?

Barclay Brewer’s dispositions to the issuer occurred at two prices: common shares were disposed at $27.8200 per share on March 2, 2026, and at $27.0300 per share on March 3, 2026, following exercises of phantom shares into common stock.

What is the economic nature of Civeo (CVEO) phantom shares held by Barclay Brewer?

Each phantom share is described as economically equivalent to one Civeo common share, payable in cash. The phantom shares vest at various times based on their original grant date, with specific blocks vesting on March 2 and March 3, 2026, for Barclay Brewer.

How many Civeo (CVEO) common shares does Barclay Brewer own after the reported transactions?

After the reported March 2 and March 3, 2026 transactions, Barclay Brewer is shown as directly owning 9,521 Civeo common shares. This share count appears as the total common shares following each disposition to the issuer on both reported transaction dates.

What Form 4 transaction codes were used for Barclay Brewer’s Civeo (CVEO) trades?

The filing uses code M for the exercise or conversion of derivative securities, covering phantom shares into common shares, and code D for dispositions of common shares to the issuer. These codes distinguish non-market derivative exercises from issuer-related share dispositions for Barclay Brewer.